CMS Energy Corp
CMS: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$76.00 | Rzwqs | Xhszyqcf |
CMS Energy Closes Impressive 2022; Expect Another Year of Growth in 2023
We are reaffirming our $54 fair value estimate for CMS Energy after the company reported 2022 adjusted earnings per share of $2.89, up from $2.65 in 2021. Results were in line with our forecast and at the high end of management's 2022 guidance range. We are reaffirming our narrow moat and stable moat trend ratings.